How can individuals effectively manage their personal finances?.

To effectively manage personal finances in 2024, individuals should focus on budgeting, saving, investing, and tracking expenses. Start by creating a detailed budget that outlines monthly income and expenses. Set specific savings goals and consider using high-yield savings accounts. Invest in diversified portfolios and consider retirement accounts such as 401(k)s or IRAs. Regularly track your expenses using financial apps to ensure you stay within your budget and adjust as needed.